5 Steps for Small Business to Accept Credit Cards on Mobile Devices

From Softcard Mobile Wallet, which puts your wallet on your smartphone, to mobile payment systems like Square and Intuit GoPayment, wireless technology has significantly changed payment processing options for small businesses. For less than $10 per solution, this new technology can help small businesses get off the ground or even help them run a pop-up shop at a moment’s notice.

All these accessories have built-in security features, ensuring transactions are safe and secure. But before putting up your sign and opening for business, it’s important to go above and beyond to ensure the safety of your information, as well as that of your customers.

Check to see if there is a Point-to-Point Encryption (P2PE) solution available – Cardholder data should be encrypted, which means it’s encoded in a way that’s only readable by an authorized party. This helps to ensure only the intended recipient can access and read your information and your customers’ information.

Check with your payment processor and/or card brand for recommendations – Most credit card companies have established guidelines and best practices for payment processing.

Ensure that the mobile device you intend to utilize for accepting mobile payments is safe and up to date – This one’s easy; you should only use trusted apps, and your device and accessories should always be up to date with the latest operating systems and releases. Also, take time to install an anti-malware and anti-virus app.